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0 pointsbombcar3y ago0 comments

This is almost certainly how it was done - and even the "fully refundable" deposits airlines make with Boeing, et al are going to have "fixed non-refundable costs" even just to handle the paperwork.

0 comments

mikeyouse3y ago

Right. If you're going to place a deposit for aircraft with a startup airplane manufacturer, "refundable" only makes sense if you're willing to take warrants or something that will grant you IP when the company folds. If Boom doesn't deliver the aircraft, the company folds and goes bankrupt, it's not like the deposit funds are just held in escrow. Might as well make it "nonrefundable" to get the PR value.

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0 pointsbombcar3y ago0 comments

This is almost certainly how it was done - and even the "fully refundable" deposits airlines make with Boeing, et al are going to have "fixed non-refundable costs" even just to handle the paperwork.

0 comments

mikeyouse3y ago

j / k navigate · click thread line to collapse